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Ireland's bank bailout

In the wake of the 2008 global financial crisis Ireland had to borrow billions to keep its economy afloat. The IMF, the EU and the European Central Bank provided the money.

In the wake of the 2008 global financial crisis Ireland had to borrow billions to stop its banks from going under and to keep its economy afloat. The IMF, the EU and the European Central Bank provided the money. Matt Murphy has been speaking to Patrick Honahan, who was Ireland's central banker at the time of the bailout.

Photo: Protesters take to the streets of Dublin in November 2010 to oppose savage public spending cutbacks needed to secure an international bailout. Credit:Ben Stansall/AFP via Getty Images

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